Textile machinery sector faces economic context
Following several quarters of sustained recovery compared to the minimum levels recorded during the two-year period from 2008-09, Italy’s textile machinery industry has seen a slowdown in new orders.
This downturn, already apparent in the year’s second quarter, was stressed during the summer period from July to September, as illustrated by the economic survey conducted by Association of Italian Textile Machinery Manufacturers – ACIMIT’s research department.
The overall index of orders for the year’s third quarter shows a 45% decrease compared to the previous period, stopping at a value of 70.8 points. The greatest drop was recorded for exports, where the index registered 75.3 points (-46%). On the domestic market, orders fell by 39%, for a value of 60.4 points.
The economic context will remain uncertain over the coming months. Economic growth at a global level is slackening off, and this is also occurring in emerging markets with a greater demand for textile machinery. For both the domestic and export markets, the majority of manufacturers estimate that the fourth quarter of 2011 will, on the whole, bring in a stable flow of orders, compared to the three previous months.
However, regarding export markets, and in spite of the positive signs at the recent ITMA trade fair, the percentage of companies forecasting increased orders is greater than those which foresee increases in the domestic market (34% compared to 13%)…Read More….!!!
Oerlikon continues strong profitable sales growth
Oerlikon Group posted a strong increase in sales in the first nine months of 2011 on double-digit sales growth across four Segments. All regions delivered sales growth, primarily driven by significant increases in Asia. Although order intake was stable year-on-year, certain Segments showed robust order growth. Streamlining of the Group’s portfolio continued in the third quarter with the closing of the Carding divestment.
Dr. Michael Buscher, CEO of Oerlikon Group, said: “Oerlikon’s nine-month performance reflects disciplined execution of our strategy. We are benefiting from the systematic implementation of our operational excellence initiatives, with an increasingly efficient conversion from orders to sales. The growth in sales is also based on our high emerging market penetration and our strong innovation pipeline.” Oerlikon Group CFO Jürg Fedier said: “We continue to see improvements in our underlying performance and profitability. As a result, we are raising our profitability guidance.”
The global economic environment remains uncertain but with Oerlikon’s broad portfolio mix and operational discipline, the Group is now better positioned to tackle challenges and to achieve its financial targets. Oerlikon is confirming its previous sales and order intake guidance and increasing its profitability guidance for the full year. EBIT margin is now expected to exceed 9 percent for 2011….Read More…
Excelle Isoweb TT & ACS Profile face excellent welcome at ITMA
The affluence of customers was huge, even with more customers enhancing active projects.
Many visitors came from India, Pakistan, Middle-East, Gulf countries, North and Latin Americas. The attendance from Europe and Asia was as expected, with a limited number of Chinese customers present at the event.
Several businesses have been concluded during ITMA, names are not available for the moment.
Asselin-Thibeau faced an excellent welcome for the Excelle Isoweb TT card as well as for the ACS Profile crosslappers and the new SDV-2 needleloom for velour applications.
Excelle Isoweb TT card is the inline card solution to obtain 3/1 MD/CD strength ratio on final product, even at high speeds over 250 m/min. Such performance at such speed is really unique and this is why the Isoweb TT technology can be considered as a Revolution…..Read More….
